Ethic Inc. Grows Stock Position in Markel Group Inc. $MKL

Key Points

• Ethic Inc. increased its stake in Markel Group Inc. by 15.6%, acquiring an additional 132 shares, bringing their total holdings to 976 shares worth approximately $1,815,000.
• Markel Group reported Q2 earnings of $25.46 per share, surpassing expectations, with revenues of $4.82 billion, a significant increase of 24.3% year over year.
• The stock has shown a 0.2% decline, currently trading around $1,924.94, with institutional investors owning 77.12% of the company's shares.

Ethic Inc. increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 15.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 976 shares of the insurance provider's stock after purchasing an additional 132 shares during the period. Ethic Inc.'s holdings in Markel Group were worth $1,815,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MKL. Greenlea Lane Capital Management LLC raised its position in Markel Group by 3.4% in the 1st quarter. Greenlea Lane Capital Management LLC now owns 22,455 shares of the insurance provider's stock worth $41,982,000 after purchasing an additional 735 shares during the period. Aberdeen Group plc lifted its holdings in shares of Markel Group by 167.3% in the 1st quarter. Aberdeen Group plc now owns 5,809 shares of the insurance provider's stock worth $10,861,000 after buying an additional 3,636 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Markel Group by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider's stock valued at $222,177,000 after purchasing an additional 2,187 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Markel Group by 2.2% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 6,145 shares of the insurance provider's stock worth $11,489,000 after buying an additional 130 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Markel Group by 21.8% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 431 shares of the insurance provider's stock valued at $806,000 after purchasing an additional 77 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

Shares of MKL stock traded up $24.1730 during trading hours on Friday, reaching $1,993.5630. The company had a trading volume of 37,991 shares, compared to its average volume of 56,926. Markel Group Inc. has a 12-month low of $1,494.00 and a 12-month high of $2,075.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a fifty day moving average of $1,974.81 and a 200-day moving average of $1,901.10. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of 11.96 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating the consensus estimate of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the company earned $18.62 EPS. The business's revenue for the quarter was up 24.3% compared to the same quarter last year. On average, equities analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analyst Ratings Changes

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Markel Group has a consensus rating of "Hold" and a consensus target price of $1,820.33.

Markel Group Company Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.